US President Donald Trump displays the GENIUS Act after signing it in the East Room of the White House in Washington, DC, on July 18.Photographer: Brendan Smialowski/AFP/Getty ImagesPresident Donald Trump signed the first federal bill to regulate stablecoins, hailing it as a “giant step to cement American dominance of global finance and crypto technology” and delivering a major victory for the digital asset industry.“The Genius Act creates a clear and simple regulatory framework to establish and...